Soitec (SOI) Q3 2026 TU earnings summary

Executive summary

• Leadership transition underway, with Laurent Rémont appointed CEO effective April 1, 2026, as the company enters a new growth phase supported by diversification and R&D investment.

• Q3'26 revenue reached €160 million, up 18% sequentially from Q2'26 at constant exchange rates and scope, but down 22% year-over-year at constant scope and FX, exceeding guidance.

• Strong performance in Artificial Intelligence and product diversification offset by continued weakness in Automotive and ongoing RF-SOI inventory correction.

• Focus remains on operational excellence, disciplined cost and cash management, and aligning capacity with demand amid challenging market conditions.

Financial highlights

• Q3 revenue was EUR 160 million, down 22% year-over-year at constant scope and FX, with a 7% negative currency impact, and up 18% sequentially.

• Nine-month FY26 revenue totaled EUR 390 million, down 26% year-over-year organically and 31% as reported, mainly due to RF-SOI under-shipment and inventory corrections.

• Mobile Communications contributed 56% of Q3'26 revenue, Edge & Cloud AI 34%, Automotive & Industrial 10%.

Outlook and guidance

• Q4 is expected to see around 20% organic revenue growth versus Q3 at constant exchange rates and scope.

• Mobile Communications should improve sequentially, while Edge and Cloud AI is expected to maintain strong momentum; automotive and industrial will remain soft but benefit from seasonal deliveries.

• Cautious stance maintained on the smartphone market outlook and ongoing inventory correction.